San JosePayPal shares sank as much as 16%.
The collapse of a $53 billion buyout puts PayPal’s turnaround under full pressure.
The deal valued PayPal near $53 billion, a fraction of its $356 billion 2021 peak.
PayPal’s standalone turnaround plan now faces investors without a takeover bid in reserve.
Sources: Yahoo! Finance, Investing.com, Forbes